What to expect as tech giants like Facebook, Google report earnings this week [Yahoo! Finance News]
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Source: Yahoo! Finance News
What to expect as tech giants like Facebook, Google report earnings this week VideoApril 27, 2020Google, Facebook, Amazon and Apple are all set to report quarterly results this week. Payne Capital Management President Ryan Payne joins 's Zack Guzman to break down the expectations.Video TranscriptZACK GUZMAN:When you look at it, Goldman Sachs highlights that coming into 2020, the five largest S&P stocks, that being Microsoft, Apple, Amazon, Google, and Facebook, account for 20% of market cap, representing the highest concentration in more than 30 years. And that does not bode well, historically, for the .For more on that, though, I want to bring on our next guest Ryan Payne, Bain Capital Management president. And Ryan, when we look at it-- I mean, clearly, a lot of people are going to be looking at the earnings here. But does that alarm you when we think about the way that tech has overall carried the market and how much pressure that puts on them to continue leading the way higher?RYA
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